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The Kinesis Virtual Card is live

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In what will be remembered as a momentous day in Kinesis history, we are thrilled to announce the live launch of the Kinesis Virtual Card.

Following a fruitful beta testing period, the Kinesis Virtual Card enables our global community to use their gold, silver and crypto as money, anywhere in the world. The card gives users the unique opportunity to protect their wealth in gold and silver – or hold crypto – with instant fiat conversion at the moment of purchase.

Available in more than 60 countries, Kinesis users across Europe, the UK, Canada, Australasia and Latin America can now experience real-time conversion of their assets into fiat at point of sale.

The Kinesis Virtual Card stands alone as the only gold, silver and crypto card in the space, with features including:

  • Spend assets in real-time with instant fiat conversion
  • High daily spend limit – €15,000
  • Spend gold, silver & crypto globally
  • Earn gold and silver as you spend
  • No sign-up fee
  • No monthly fee
  • Transact at 80M locations via Mastercard
  • Spend 11 leading digital assets.
  • Spend currencies in your preferred order
  • Compatible with Google Pay
Visit the all-new Kinesis Virtual Card page.

Earn as you spend gold and silver​

In a feature completely unique to the Kinesis Monetary System, Kinesis users earn a monthly yield in precious metals simply for spending their gold and silver. Gold and silver spenders receive a proportionate monthly share of 10% of Kinesis’ global transaction revenue, known as the Velocity yield.

It is worth noting that, as all precious metals within the system qualify to earn the Holder’s yield, those spending precious metals will also earn a passive yield on their gold and silver account balance, too.

Inflation-proof spending​

At a time when much of the world is experiencing extreme inflation, the Kinesis Virtual Card introduces precious metals to the global community as inflation-proof money. Accessible via mobile device, Kinesis provides people across the globe with access to a time-proven stable alternative to fiat currency.

How do I get my card?​

Kinesis users simply log in to their individual Kinesis account via app or desktop and, following a brief cardholder verification, activate their card from the Kinesis Virtual Card tab, at no cost whatsoever. New users signing up to Kinesis will automatically be offered the card as part of the sign-up and verification process.

More questions about the Kinesis Virtual Card? Visit our Knowledge Base.

An end-to-end monetary solution​

We would like to give special thanks to all those Kinesis community members who participated in the beta testing phase for all their invaluable feedback.

Already offering the most globally available card in the precious metals or crypto space, Kinesis will continue to expand the reach of its card program, with a US launch to follow shortly.

Completing the end-to-end monetary system, the Kinesis Virtual Card promises to be the most significant driver for the global adoption of Kinesis. As more and more people across the globe make the move to precious metals, all participants will share in the growth of the system together.

In this uncertain economic period, we extend an open invitation to the Kinesis community and beyond to join us in accelerating the world’s transition to sustainable money.
 
I was one of those fortunate to be in on the beta test.

Here are a few point of sale transactions that I did:

(5:44)

Absolutely Brilliant Uchiki ! No surprise that your real life persona is as chill, insightful and helpful as your online presence.. Super well laid out & explanatory.. A few questions :
1. when paying in Eth, I suppose there are no gas fees since it all transacts on the KMS (so just the .45% KMS fee)
2. I saw where the ETH ,and Kag&Kau I beleive) were settled inUSD, which I presume was likely a MarketMaker sell price, then again converted on the KMS from USD to GBP ? Or is that conversion done on the Goole Pay End?
3 .I note that y'alls prices for the basics, ,Bread, Milk & Dog food are about 1/2 of what we'd pay in our little corner of the US

Thanks for sharing this,Very Usefull..!
 
I am not sure if this includes the USA. Can someone clarify if the USA is included in this release?
 
1. when paying in Eth, I suppose there are no gas fees since it all transacts on the KMS (so just the .45% KMS fee)
0.22% sell fee at the Exchange. No gas fee.
2. I saw where the ETH ,and Kag&Kau I beleive) were settled inUSD, which I presume was likely a MarketMaker sell price,
Yes.
Full explanation of the calculation here:
then again converted on the KMS from USD to GBP ? Or is that conversion done on the Goole Pay End?
Conversion from USD to whichever local spend currency is done by Baanx
3 .I note that y'alls prices for the basics, ,Bread, Milk & Dog food are about 1/2 of what we'd pay in our little corner of the US
The dog food is a particularly well priced local brand. Standard prices @$10 for 12 cans. The milk was 4 pints. Supermarkets often sell it as a loss leader.
 
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This is a super, short video from Troglodytes that demonstrates four crypto's and KAU being spent in the same transaction.

0:53


I did a similar thing here more slowly.
You can skip the preamble about UK junk silver by starting at 1:47

(5:45)
 
Latest official update here:

Next scheduled quarterly update likely towards end Jan.
Announcements also happen between quarterly updates.
Also worth keeping an eye on interviews or at least reactions to interviews, which are generally posted in the forum.
 
Is there a ETA for iOS support of virtual card?
Last time I asked I was told they'd get back to me on that as they had to look into it, but no answer yet.

I think Kinesis is asking Baanx, who is depending on ApplePay to say the card has been around long enough, and there's lots of laaaaag in that bit of communication.
 

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